Consumer Price Index – matinvaramin

Opinion: If Biden were really serious about fighting inflation, he’d repeal Trump’s failed tariffs that raise consumer prices

June 21, 2022 admin No Comments

WASHINGTON (Project Syndicate) nIn response to surging prices, President Joe Biden declared this month that “fighting inflation” is his “top economic priority.” He promises that his administration “will continue to do everything we can to lower prices for the American people.” Yet notwithstanding such statements of commitment, Biden has refused to lift the Trump administration’s…

Investment

US inflation expected to keep running hot: Traders see 4 straight months of roughly 9% or higher CPI readings

June 16, 2022 admin No Comments

Just one day after Federal Reserve policy makers delivered their biggest rate hike in 28 years, the US inflation outlook continues to look dire in one obscure part of the financial market. Traders of so-called fixings, or derivatives-like instruments related to Treasury inflation-protected securities, expect four straight months of annual headline consumer-price index readings at…

Investment

3 crucial financial moves to make after the Fed’s 75 basis point hike

June 15, 2022 admin No Comments

In a matter of months, it’s becoming more expensive to carry a credit card balance, a car loan or a mortgage as the Federal Reserve’s interest rate hikes have seeped into borrowing costs. It’s tough medicine that central bankers hope will break the fever of hot inflation – and no one expects the doses to…

Investment

As Joe Biden Spins His Tires on Gas Prices, the Press Takes an Offramp Away From Accountability – RedState

June 13, 2022 admin No Comments

Joe Biden’s messaging on fuel prices is constantly shifting gears but they never manage to travel lower. Friday provided an apt metaphor for how out of touch this Biden administration gets regarding this country. They had scheduled a speech at a California shipping yard so the president could address issues about the economy but did…

Politics

Dow tumbles as inflation reading triggers market shock waves: What investors need to know

June 11, 2022 admin No Comments

From Wall Street to Main Street, fears that the US economy could be sliding into the 1970s-style “stagflation” have been percolating. References to the sticky situation appeared in news headlines all week. The Associated Press called it “the dreaded ‘S’ word.” The Wall Street Journal reminded readers of the neologism’s origins as a catchy way…

Investment

Dow down nearly 800 points, stocks trade sharply lower after hotter-than-expected 8.6% May CPI

June 10, 2022 admin No Comments

Major US stock benchmarks were falling sharply Friday afternoon, with the Nasdaq Composite Index seeing the biggest decline, after an eagerly awaited inflation reading came in much hotter than expected. How are stock indexes trading? The Dow Jones Industrial Average DJIA, -2.28% was down 770 points or 2.4%, at 31,503, with all 30 components in…

Investment

Opinion: Inflation above 4% may become a fact of life

June 9, 2022 admin No Comments

Federal Reserve Chairman Jerome Powell will be challenged to get inflation down to 2% and keep it there. For the decade between the Global Financial Crisis and the COVID pandemic, inflation averaged less than the Fed’s target, but all the stars were aligned. That is hardly likely to happen again. Coming out of a severe…

Investment

This big investor called inflation early and sees it above 7% at the end of the year

June 8, 2022 admin No Comments

Far from the bustle of Wall Street, inside his downtown Minneapolis office, Tim Magnusson got his first aching gut feeling about US inflation in May of last year. That’s when US government data showed a 10% increase in used car and truck prices during the prior month, April of 2021. Magnusson, then a senior portfolio…

Investment